NSFAS Changes Course Pass Criteria

NSFAS Changes Course Pass Criteria. As of next year, students must achieve a 60% average in course work in order to qualify for financial aid, as stated by Blade Nzimande, minister of higher education. This requirement will apply to both students attending university and students attending TVET colleges. Check Also:  NSFAS Online Application 

Student Funding Conditions

If you want to receive funding for 2025, you must achieve a 60% pass rate on course credits by the end of the 2024 academic year for both continuing and first-time university students. In TVET colleges, students have the opportunity to receive a bursary if they pass at least five subjects in the previous level in order to proceed to the next level of national certificate.

Recovering Applications

Nzimande highlighted ongoing recovery efforts, which have already resulted in over R110m being recovered in the current financial year. As of January 21, NSFAS has received 1,545,822 applications for the current academic year. As a result of their efforts, the Special Investigative Unit (SIU) has been able to obtain debt acknowledgments totaling over R4 million from individuals and over R38 million from institutions.

Recoveries and Challenges

With more than R40 billion owing to universities and millions owed by previous beneficiaries, NSFAS faces financial challenges. Government funding for NSFAS has increased from R21.4 million in 1991 to almost R48 billion by 2023, despite a number of challenges. While recoveries in this area are stable, improvements in this area could improve government funding.

Student Budget Cuts

It was noted in November by the acting CEO that an annual budget reduction of 10% by Treasury may have a negative impact on more than 80,000 students. Ishmael Mnisi, a spokesperson for NSFAS, stressed that this year’s student intake would be affected by the budget cuts, and the exact reduction will depend on how much Treasury allocates to the school. In order to ensure that the loan scheme is sustainable, students are encouraged to follow the loan conditions.

Conclusion

While NSFAS has changed its course pass criteria in order to emphasize academic excellence, ongoing recovery initiatives and increased funding serve as evidence of the university’s commitment to maintaining educational support in the presence of challenging economic conditions.